The VN-Index closed October 2026 at 1,741.62 points, down about 27 points from end-September, its second consecutive monthly decline; in the last week of the month it lost 32.53 points (1.83%). The drop was modest, but only tourism and Vingroup-linked stocks moved against the trend that week, while technology fell 7.5% and logistics 6.7%. Excluding Vingroup's support, the rest of the market has already dropped below its October low. October average trading value was 17,183 billion VND, the lowest monthly level of the year, while foreign investors net sold 20,848 billion VND during the month. The article argues that recovery depends on broad-based cash flow returning, not just on index price levels.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: VN-Index chưa thủng đáy, vì sao nhiều cổ phiếu đã giảm sâu?
Keywords
VNINDEXforeign investorsliquidityVingroup
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 11/02/2026 | 1,710.72 |
| Change that session | -1.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- VN-Index Loses Nearly 33 Points: Banks Pressure Market, Vingroup Group Cushions Decline
VN-Index fell more than 32.5 points, about 1.8%, in the week of October 26–30 after a notable earlier recovery. The financial group dropped nearly 2%, with four banking stocks (LPB, VPB, TCB and BID) and securities firm TCX weighing most heavily. On the other side, VIC and VPL, both part of the Vingroup ecosystem, added 7.3 points and 1.6 points, helping the index avoid steeper losses. HNX-Index fell as much as 3.8%, about 10 points, with KSF the largest drag at 2 points. On October 30, foreign investors net sold 647 billion VND, their sixth straight session of net selling.
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Mr. Bùi Văn Huy, General Director of FIDT, says the recent rebound in the VN-Index has been driven largely by Vingroup-related stocks, with VIC and VHM alone adding over 21 points to the index on the 22/10 session. Cash flow remains weak, liquidity has not surged, foreign investors are net sellers and interest rates are still high, so the index's gains do not yet mean overall market health has fully recovered. For Q4, he suggests buying on market corrections rather than rushing, deploying capital gradually, limiting margin use, favoring companies with solid finances and avoiding chasing overheated blue chips. Sectors he says investors may watch include infrastructure, public investment, energy and green transition, and companies benefiting from preferential loans, while technology and digital transformation still face pressure from the global AI wave. He also stresses monitoring inflation, exchange rates and Fed policy, and reducing stock exposure if inflation gets out of control or interest rates turn upward.
- Notable Stocks to Watch at Market Open, Oct. 23
The digest reports that foreign investors net bought over 300 billion VND for a second straight session after an extended selling streak, though net foreign flows since early October remain negative by more than 6 trillion VND. VN-Index rose 46.7 points in the Oct. 21 session, driven mainly by limit-up gains in Vingroup-linked stocks. Margin lending by securities firms reached a record 463 trillion VND at the end of Q3 2026, up 2% from the previous quarter. The State Securities Commission penalized three companies listed on UPCoM over Oct. 19–20, 2026. The piece also notes that the central counterparty (CCP) clearing mechanism is expected from Q1 2027, prompting brokers to speed up their procedures.
- Large cash flows return, stock market posts strongest gain in over half a year
The VN-Index jumped 46.7 points, or 2.76%, to 1,738 points, its strongest gain since April 8. Vingroup-linked stocks VIC, VHM and VRE hit the daily limit and contributed about 35 points, while 246 stocks rose and 16 hit the ceiling on HoSE. Trading value reached nearly 18,200 billion VND, up about 43% from the 20-session average. Foreign investors ended a 20-session selling streak with net buying of about 160 billion VND, led by TCB, MSN and VIC, while FPT, VCB and ACB saw net selling. The article cautions that the index's gain depends heavily on Vingroup stocks.
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VN-Index fell for four straight sessions on selling pressure in Vingroup-linked stocks, at one point dipping below 1,720 points to its lowest level since late July, before dip-buying pulled it back near that level. Four Vingroup stocks closed below the reference price, with VIC dragging the index down more than 10 points and VHM nearly 4 points. Oil and gas stocks were the weakest sector after oil prices fell following Trump's announcement that Russia and Ukraine agreed to halt attacks on each other's energy infrastructure; PLX and OIL each dropped about 3%, while steelmaker NKG closed up 6.9%. Foreign investors extended net selling to 14 consecutive sessions, and liquidity was about half of the previous week's final session. MB Securities' research team said October seasonality weighs on the market and advised investors to favor individual stocks with third-quarter profit growth from core operations.
- Stock Market in November: Divergence Continues, Where Are the Opportunities?
After a sharp correction in September and October, VN-Index is projected to possibly test the 1,780–1,800 point zone in November under the base scenario, though sector divergence remains a major challenge. Liquidity is still low, at under 16 trillion VND per session across the listed market and just over 15 trillion VND on HOSE, while foreign investors have been net sellers for an extended period. Analysts say earnings results and liquidity will be the two key drivers in November, and a call to cut lending rates by about 1.5–2% per year for production and priority sectors could ease companies' capital costs. A break above 1,780–1,800 with improved liquidity could push the index toward 1,820–1,850, while a pullback to 1,750–1,760, or even 1,700–1,720 if support fails, is also possible; 1,880–1,900 is the optimistic scenario.
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